Startup Arkon Energy Raises $28M to Further Expand Into Bitcoin Mining

Nov 18,2022
KingData News: Arkon Energy, the data center startup that uses renewable electricity to mine bitcoin (BTC), raised $28 million. The financing was a combination of senior debt and equity capital and included some returning investors such as Kestrel 0x1 as well as new ones, including Shima Capital. Investors: The round was led by Blue Sky Capital, a market maker in digital assets, with participation from Kestrel 0x1, Shima Capital and others. Project Info: The startup has also bought Hydrokraft AS, a renewable energy-based data center in Norway. The Hydrokraft purchase is part of an ambitious plan to create a vertically integrated green bitcoin mining platform that has power sovereignty, benefits from geographic diversification, and a robust balance sheet.
This indicator broadcasts a daily tracking of the financing of quality projects.